Bank of Ningbo: Shareholding change in preferred stock

Bank of Ningbo (SZSE:002142) announced a significant shift in the holdings of its "Ningxing Preferred 02" shares. According to the announcement, HuaBao Trust's stake decreased from 22.78% to 12.72% between November 12, 2024, and April 1, 2025. This represents a change of 10,060,000 shares, or 10.06% of the total issued preferred stock. The bank originally issued 100 million preferred shares at a face value of CNY100 each in November 2018, following approvals from the Ningbo Banking Regulatory Bureau and the China Securities Regulatory Commission.